Frasers Property Diversified Growth
Australia PBIT lower due to upcoming redevelopment of commercial assets
Segment
Development
FY23
FY22
Change
S$54.8 m
S$54.7 m
▲ 0.2%
6.6%
Remarks
Higher contributions from higher level of settlements, offset by lower
share of profits from joint venture projects
Earnings affected by lower occupancies across commercial assets,
including the impact of the strategic Lee Street tenancy relocation for
the upcoming redevelopment of Central Place Sydney
Higher contributions from Real Utilities driven by increasing wholesale
electricity price and growing customer base
Investment Properties
S$13.9 m
S$20.8 m
33.2%
Fee income & others
S$6.8 m
S$5.3 m
▲ 28.3%
TOTAL
S$75.5 m
S$80.8 m
We are Frasers Property
UNISYS
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Rhodes Corporate Park, NSW, Australia
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